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| *Loan,banking and credit>>>disability insurance |
My disability insurance is making my mortgage payment. I paid for ins. Can I claim the interst or is it income |
My disability insurance is making my mortgage payment. I paid for ins. Can I claim the interst or is it income The mortgage is still in your name, so it doesn't really matter WHO makes the payments - the interest is yours to claim. The payment that the ins company is making is actually your INCOME - and may be taxable as such. if i understand you, the disability insurance should be counted as income. The mortgage interest is still deductible. |
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